828 Shares in NewMarket Corporation $NEU Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. acquired a new stake in shares of NewMarket Corporation (NYSE:NEU) during the 2nd quarter, Holdings Channel reports. The fund acquired 828 shares of the specialty chemicals company’s stock, valued at approximately $572,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Impala Asset Management LLC bought a new position in shares of NewMarket in the first quarter worth approximately $36,819,000. American Century Companies Inc. raised its holdings in NewMarket by 120.3% in the 1st quarter. American Century Companies Inc. now owns 105,120 shares of the specialty chemicals company’s stock worth $59,545,000 after acquiring an additional 57,403 shares during the last quarter. LSV Asset Management lifted its position in NewMarket by 27.8% in the 2nd quarter. LSV Asset Management now owns 262,148 shares of the specialty chemicals company’s stock valued at $181,108,000 after acquiring an additional 57,101 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new stake in NewMarket during the 1st quarter valued at $19,348,000. Finally, Geode Capital Management LLC increased its holdings in shares of NewMarket by 20.1% in the 2nd quarter. Geode Capital Management LLC now owns 156,613 shares of the specialty chemicals company’s stock worth $108,212,000 after purchasing an additional 26,254 shares in the last quarter. 61.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEU has been the topic of a number of research analyst reports. Wall Street Zen downgraded NewMarket from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Weiss Ratings reissued a “buy (b)” rating on shares of NewMarket in a research report on Monday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

NewMarket Trading Down 0.8%

NewMarket stock opened at $752.28 on Wednesday. NewMarket Corporation has a 12-month low of $480.00 and a 12-month high of $875.97. The firm has a market capitalization of $7.07 billion, a price-to-earnings ratio of 14.91 and a beta of 0.46. The firm has a 50 day moving average of $781.75 and a 200 day moving average of $746.80. The company has a current ratio of 2.66, a quick ratio of 1.43 and a debt-to-equity ratio of 0.52.

NewMarket (NYSE:NEU) last issued its quarterly earnings results on Thursday, October 30th. The specialty chemicals company reported $10.67 earnings per share for the quarter. The business had revenue of $690.31 million for the quarter. NewMarket had a net margin of 17.28% and a return on equity of 32.25%.

NewMarket Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, December 15th. This is a boost from NewMarket’s previous quarterly dividend of $2.75. NewMarket’s dividend payout ratio (DPR) is currently 25.35%.

NewMarket Profile

NewMarket Corporation, through its subsidiaries, primarily engages in the manufacture and sale of petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrain and hydraulic systems, gear oils, hydraulic oils, turbine oils, and other applications where metal-to-metal moving parts are utilized; engine oil additives designed for passenger cars, motorcycles, on and off-road heavy duty commercial equipment, locomotives, and engines in ocean-going vessels; driveline additives designed for products, such as transmission fluids, axle fluids, and off-road powertrain fluids; and industrial additives designed for products for industrial applications consisting of hydraulic fluids, grease, industrial gear fluids, and industrial specialty applications, such as turbine oils.